#Bitcoin

Three whales from the ‘Era of Satoshi’ wake up with a rise and move 6,500 bitcoins, a sign of a fall?

The cryptocurrency market may be preparing for a new round of volatility after a series of moves caught investors' attention. Bitcoin's recent rally, which saw the cryptocurrency soar around 32% in October to reach its highest value in 18 months, has woken up major holders of the digital currency.

Onchain data reveals that three 'whales' - holders who own large amounts of bitcoins and have been inactive since November 2017, together transferred a total of 6,500 bitcoins, valued at around US$230 million, on Wednesday afternoon (1) .

The movements took place at three different addresses: the first wallet moved 2,550 bitcoins, the second transferred around 2,000 and the third moved approximately 1,950.

The transactions total estimated values ​​of US$90 million, US$71 million and US$69 million, respectively, according to data provided by BitInfoCharts.

The transfers reignite the discussion about the influence of whales on the market, especially since the addresses are from the “Satoshi era”, referring to the early period when Satoshi Nakamoto was still active in the development of Bitcoin.

Satoshi era whales wake up (BitcoinInfoCharts)

Satoshi era whales wake up (BitcoinInfoCharts)

Whales move bitcoins for the second time in 12 years; fall signal?

The move by large holders comes at a time when the market has seen investors selling nearly $410 million worth of Bitcoin in the last 24 hours, which marks the third-largest increase in the Realized Profit/Loss indicator in the last two weeks.